"Japan's benchmark Nikkei 225 and South Korea's KOSPI plunged 4 percent and 4.5 percent, respectively, in early trading on Monday, reflecting investor concerns over regional stability."
"Trump threatened to obliterate Iran's power plants within 48 hours if Tehran does not end its blockade of the Strait of Hormuz, a critical route for global oil exports."
"Tehran has pledged to completely close the waterway and launch retaliatory attacks on energy and water infrastructure across the region if Trump's threat is executed."
"Oil prices remained volatile amid fears of further disruption to global energy supplies, with Brent crude prices fluctuating significantly in response to geopolitical tensions."
Stock markets in Japan, South Korea, and Hong Kong experienced significant declines amid escalating tensions between the US and Iran. The Nikkei 225 and KOSPI dropped 4% and 4.5%, respectively, while the Hang Seng Index fell about 2%. Oil prices showed volatility, with Brent crude rising over 1.5% before settling around $112 per barrel. President Trump's ultimatum to Iran threatens military action if the Strait of Hormuz is not reopened, raising fears of a global energy crisis as Iran vows retaliation.
Read at www.aljazeera.com
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